Trading to Win: The Psychology of Mastering the MarketsA breakthrough programfor achieving new heights of trading success The product of a five-year collaboration between Dr. Ari Kiev, a leading psychiatrist renowned for his success with Olympic athletes, and top equities trader Steve Cohen, Trading to Win gives you the essential tools to overcome outmoded, self-limiting beliefs and mindsets that may be keeping you from a higher level of success. Illustrated with real market scenarios and applications, this powerful program will help psych you into a less stressful, more self-possessed mastery of the trading game and help you reach goals you may never have thought possible. "The strategies in this book will unleash the hidden trader in you, and can substantially increase your trading profits." --Jay G. Goldman, Hedge Fund Manager. "Ari Kiev has written a wonderful guide for money managers, traders, brokers, and investors alike. Sharing his thoughts with us regarding our behavior patterns enables us to take a step back and look at ourselves more objectively." --Seymour W. Zises, President and CEO, Family Management Corp. The trading arena has produced its share of select "super-traders," market practitioners who set themselves apart from the rest of the field with one distinct advantage: mental and emotional toughness. Like outstanding athletes who stay focused, remain calm, and stick to their game plan, these master traders in this highly risky, highly competitive arena possess an edge that keeps them from being distracted by fear, self-doubt, greed, and other emotional components that can cause major losses and prevent gains from soaring to new highs. Trading to Win presents a step-by-step, goal-oriented program for building the mental and emotional stamina not only to win, but to win on an unprecedented level. Created by a leading psychiatrist for a top trading firm, this proven approach spotlights a set of philosophical and behavioral principles designed to assist you in implementing proactive trading strategies, as well as developing the mindset needed to trade effectively in the realm of uncertainty. Delving into your underlying thought processes when you trade, Trading to Win enables you to understand what is motivating you, whether it is consistent with your game plan, and whether you are in any way sabotaging yourself. Fully supplemented with real market trading scenarios, Trading to Win shows you how to apply key concepts where it counts--in actual trading room situations. For both professional traders and sophisticated investors, this remarkable program offers a rare opportunity for both personal and financial gain. |
Contents
Introduction | 1 |
Becoming a Master Trader | 11 |
What the Best Traders Look Like | 29 |
Centered Trading | 45 |
Visual ImageryRehearsing Your Moves | 57 |
100 Percent CommitmentPromising the Result | 93 |
Chapter 7 | 99 |
Basic Trading Principles | 117 |
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Common terms and phrases
ability able accept action activity afraid allow anxiety avoid become begin behavior believe better bigger centered comfort commitment concentration confidence continually create decisions develop dollars don't effect effort emotional experience face failure fear feel five focus focused follow future getting give goal going happen hold ideas increase involved It's keep lead less limit look losing losses manage master trader means mind missing month move negative notice objective once opportunities past patterns performance play position present principle produce profit rational realize reason recognize responses risk says sell sense shares short situation specific stay stop strategy stress success things thoughts thousand tion trading trying turn vision visual wait wrong
References to this book
Way of the Turtle: The Secret Methods that Turned Ordinary People into ... Curtis Faith Limited preview - 2007 |
Bibliographic information
| Title | Trading to Win: The Psychology of Mastering the Markets Business book summary Volume 76 of Wiley Trading Wiley trading advantage |
| Author | Ari Kiev |
| Edition | illustrated |
| Publisher | John Wiley & Sons, 1998 |
| ISBN | 0471248428, 9780471248422 |
| Length | 257 pages |
| Subjects | › › Business & Economics / Finance / General Business & Economics / General |
| Export Citation | BiBTeX EndNote RefMan |